| Author |
 Topic  |
|
olu
Junior Member
188 Posts |
 Posted - 19 June 2008 : 15:35:36
|
thanx so much Julian
do i have to inform my creditors that am going abroad and do i change my address to overseas address. Ve made up my mind to return home since i cant not pay back the debt. |
 |
|
|
JulianDonnelly
Junior Member
United Kingdom
325 Posts |
Posted - 19 June 2008 : 15:45:47
|
Hi Olu,
If you are still currently in the UK, then I would sugegst going BR before you leave to make things easier all round!
Regards
Julian Donnelly
Spokesperson for www.Bankruptcyhelp.org.uk |
|
|
|
olu
Junior Member
188 Posts |
Posted - 19 June 2008 : 15:51:36
|
thanx
but i dont have up to £400 to declare myself BR.
am just looking for money to book my flight back home |
|
|
|
JulianDonnelly
Junior Member
United Kingdom
325 Posts |
Posted - 19 June 2008 : 16:00:23
|
Hi Olu,
In that case, it's a pure judgement call on your part. I would encourage you to be up-front with your creditors as they did, after all, lend you the money in good faith.
Regards
Julian Donnelly
Spokesperson for www.Bankruptcyhelp.org.uk |
|
|
|
olu
Junior Member
188 Posts |
Posted - 19 June 2008 : 17:00:51
|
| will a BR affect future visa application to the UK |
|
|
|
olu
Junior Member
188 Posts |
Posted - 20 June 2008 : 09:38:40
|
will a BR affect future visa application to the UK
Please reply |
|
|
|
Suzanne
Average Member
United Kingdom
869 Posts |
Posted - 20 June 2008 : 11:21:52
|
olu
I think it probably would affect any visa application. Especially if you are bankrupt in your absence and then fail to co-operate with the Official Receiver, as you would end up with a suspension of discharge.
Your largest debt seem to be with your former employer, so they are the most likely to petition for your bankruptcy, if they would even bother.
I don't imagine the other creditors would bother as they would look at whether it would be commercial to do so, and if you have no assets it would not be.
Have you got a job now?
Is there no other way you can sort out these debts?
Suzanne Stocker
Bankruptcy Manager
Jones Giles Ltd
|
|
|
|
JulianDonnelly
Junior Member
United Kingdom
325 Posts |
Posted - 20 June 2008 : 11:42:56
|
Hi Olu,
Suzanne is indeed correct. BR will likely effect any future visa applications to the UK.
Regards
Julian Donnelly
Spokesperson for www.Bankruptcyhelp.org.uk |
|
|
|
olu
Junior Member
188 Posts |
Posted - 20 June 2008 : 11:54:59
|
please what other option do i have
i have no job and my visa is expiry next week
do i need to overstay as i cannot renew it without a job
its quite a complex case
i just wish i could die or end my life
am too disturbed.
any suggestion |
|
|
|
JulianDonnelly
Junior Member
United Kingdom
325 Posts |
Posted - 20 June 2008 : 11:56:42
|
Hi Olu,
Do you intend on coming back to the UK within 6 years? If not, then ...
(a) Any BR will have come off your credit file, and
(b) the Statute of Limitations comes into play. If you make no payments on an unsecured debt for 6 years, then the debt ceases to exist.
Regards
Julian Donnelly
Spokesperson for www.Bankruptcyhelp.org.uk |
|
|
|
olu
Junior Member
188 Posts |
Posted - 21 June 2008 : 16:09:56
|
when does the six years start counting?
can i visit only during the six years or i wont be alllowed entry?
wat if i make a promise to pay later?
|
|
|
|
pearl
Junior Member
USA
170 Posts |
Posted - 21 June 2008 : 18:16:12
|
The legal process in which a person declares their inability to pay debts. The proceeds of all available assets are distributed to creditors. Both types of bankruptcy stay on the borrower's credit history for up to 10 years. I think, the best thing you need to do is to take legal actions. Face whatever and whoever you have owed and try to give you time to pay them. Don't try to run away.
-------------------------------
pearl
Debt - Iva - Loans - Help and Advice |
|
|
|
JulianDonnelly
Junior Member
United Kingdom
325 Posts |
Posted - 21 June 2008 : 20:07:51
|
Hi Pearl,
Whilst new members are always welcome, you are not directly allowed to tout for business. After you've made a few posts, you can become an expert and have a link to your website on the experts page.
Regards
Julian Donnelly
Spokesperson for www.Bankruptcyhelp.org.uk |
|
|
|
JulianDonnelly
Junior Member
United Kingdom
325 Posts |
Posted - 21 June 2008 : 20:08:49
|
Hi Olu,
The six years will commence from the date of your last payment. If you are subsequently allowed back would be a question for the Home Office.
Regards
Julian Donnelly
Spokesperson for www.Bankruptcyhelp.org.uk |
|
|
|
olu
Junior Member
188 Posts |
Posted - 24 June 2008 : 19:39:55
|
thank you for the advice
am just thinking on the best way out
been too depressed to focus
life is just too hard on me
|
|
|
|
Topic |
|
lost my job in march 2006 now i have no income
